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Australian (ASX) Professional Services Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies24
  • 7D-0.4%
  • 3M-10.8%
  • 1Y-6.0%
  • YTD-7.9%

The Professional Services industry is up 1.3% in the last week, with Computershare up 0.8%. In the past year, the industry is down 4.6%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Australian Professional Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026AU$33.4bAU$11.8bAU$1.4b15.4x24.5x2.8x
Sun, 22 Mar 2026AU$30.6bAU$11.9bAU$1.4b13.2x22.2x2.6x
Tue, 17 Feb 2026AU$35.5bAU$11.7bAU$1.3b18.7x26.4x3x
Thu, 15 Jan 2026AU$37.0bAU$11.9bAU$1.4b20.2x26.3x3.1x
Sat, 13 Dec 2025AU$35.8bAU$11.9bAU$1.4b20x25.5x3x
Mon, 10 Nov 2025AU$36.7bAU$11.8bAU$1.4b20x25.9x3.1x
Wed, 08 Oct 2025AU$37.2bAU$11.7bAU$1.4b19.7x26.6x3.2x
Fri, 05 Sep 2025AU$36.5bAU$11.8bAU$1.4b19.8x25.9x3.1x
Sun, 03 Aug 2025AU$38.7bAU$11.7bAU$1.3b21.9x28.7x3.3x
Tue, 01 Jul 2025AU$36.7bAU$11.7bAU$1.3b15.5x27.5x3.1x
Thu, 29 May 2025AU$36.7bAU$11.7bAU$1.3b16.7x27.3x3.1x
Sat, 26 Apr 2025AU$35.3bAU$11.5bAU$1.1b15.5x32.1x3.1x
Mon, 24 Mar 2025AU$36.0bAU$11.6bAU$1.1b15.9x32.2x3.1x
Wed, 19 Feb 2025AU$38.4bAU$11.4bAU$1.1b20x35.5x3.4x
Fri, 17 Jan 2025AU$32.5bAU$11.4bAU$1.0b19.1x32.2x2.9x
Sun, 15 Dec 2024AU$31.9bAU$11.2bAU$990.5m21.3x32.2x2.8x
Tue, 12 Nov 2024AU$29.5bAU$10.8bAU$970.3m21.3x30.4x2.7x
Thu, 10 Oct 2024AU$27.8bAU$10.7bAU$953.8m21.2x29.2x2.6x
Sat, 07 Sep 2024AU$30.8bAU$13.0bAU$733.4m19x42x2.4x
Mon, 05 Aug 2024AU$30.5bAU$13.5bAU$1.0b17.8x30.1x2.3x
Wed, 03 Jul 2024AU$29.3bAU$13.4bAU$1.0b19.7x29.3x2.2x
Fri, 31 May 2024AU$28.2bAU$13.4bAU$1.0b19.1x28.1x2.1x
Sun, 28 Apr 2024AU$29.9bAU$14.4bAU$1.4b18.2x20.8x2.1x
Tue, 26 Mar 2024AU$29.8bAU$14.4bAU$1.4b19.2x20.7x2.1x
Thu, 22 Feb 2024AU$29.1bAU$14.1bAU$1.5b19.1x19.7x2.1x
Sat, 20 Jan 2024AU$28.2bAU$13.8bAU$1.2b19.9x23.3x2x
Mon, 18 Dec 2023AU$26.9bAU$13.7bAU$1.2b18.8x22.4x2x
Wed, 15 Nov 2023AU$27.5bAU$13.8bAU$1.3b19.2x22x2x
Fri, 13 Oct 2023AU$28.8bAU$13.8bAU$1.2b17.9x23.3x2.1x
Sun, 10 Sep 2023AU$28.7bAU$13.8bAU$1.2b18.8x23.1x2.1x
Tue, 08 Aug 2023AU$29.0bAU$12.9bAU$675.2m19.2x43x2.3x
Thu, 06 Jul 2023AU$27.6bAU$12.8bAU$665.0m16.9x41.5x2.2x
Sat, 03 Jun 2023AU$27.1bAU$12.9bAU$667.7m16.3x40.6x2.1x
Mon, 01 May 2023AU$27.8bAU$12.9bAU$656.7m16.3x42.3x2.2x
Price to Earnings Ratio

42.3x


Total Market Cap: AU$27.8bTotal Earnings: AU$656.7mTotal Revenue: AU$12.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Professional Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.8x which is lower than its 3-year average PE of 29.1x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 27% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market-1.56%
Industrials1.10%
Professional Services-0.43%
HR Services2.85%
Research and Consulting Services-2.55%
Industry PE
  • Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 81.1x.
    • Analysts are expecting annual earnings growth of 17.0%, which is lower than the prior year's growth of 25.6% per year.
  • Investors are most pessimistic about the HR Services industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CPU ComputershareAU$30.320.8%
+AU$133.0m		-22.8%PE20.9x
MMS McMillan ShakespeareAU$15.953.5%
+AU$37.6m		6.8%PE11.1x
SIQ SmartgroupAU$8.883.3%
+AU$36.9m		16.8%PE14.7x
C79 ChrysosAU$7.724.2%
+AU$36.1m		101.6%PS11.2x
KLV Klevo RewardsAU$0.03872.7%
+AU$24.6m		n/aPS8.3x

Latest News

MMS
AU$15.95
McMillan Shakespeare
7D
3.5%
1Y
6.8%

MMS: Share Buyback And Fully Franked Dividend Will Support Future Upside Potential

Analysts have held their A$17.86 price target for McMillan Shakespeare steady, with only small tweaks to the discount rate, long run revenue growth, margin assumptions and expected future P/E. This reflects largely unchanged views on the stock's fundamental outlook.
FLN
AU$0.14
Freelancer
7D
3.8%
1Y
-38.6%
RTH
AU$0.66
RAS Technology Holdings
7D
-4.3%
1Y
-9.0%
IPH
AU$3.51
IPH
7D
0.3%
1Y
-22.0%

IPH: Share Buyback And Higher Interim Dividend Will Support Future Re-Rating

Analysts have left their fair value estimate for IPH unchanged at A$4.80, with only minor tweaks to the discount rate and long term assumptions. As a result, the latest price target shift is marginal in absolute terms.
CUP
AU$1.16
Count
7D
5.0%
1Y
39.2%
ALQ
AU$21.52
ALS
7D
-3.2%
1Y
36.6%

ALQ: Higher Revenue Hopes And P/E Assumptions Will Likely Expose Downside Risk

Analysts have lifted their price target for ALS to about A$17.10 from roughly A$16.83, citing updated assumptions around revenue growth, profit margins and future P/E multiples following recent research such as the Goldman Sachs upgrade. Analyst Commentary While the latest research has supported a higher price target for ALS, not all commentary is upbeat.
SIQ
AU$8.88
Smartgroup
7D
3.3%
1Y
16.8%

SIQ: Dividends And Potential Merger Will Shape A Balanced Outlook

Analysts have kept Smartgroup's fair value unchanged at A$9.44, with only very small parameter tweaks such as a slightly different discount rate and future P/E assumption, so there is no material change to the overall price target outlook. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended December 31, 2025, payable on March 20, 2026, with an ex date of March 5, 2026 and a record date of March 6, 2026 (company announcement).
CPU
AU$30.32
Computershare
7D
0.8%
1Y
-22.8%

CPU: Citi Upgrade And Higher EPS Guidance Will Support Bullish Setup

Analysts now see Computershare's fair value at about A$35.40, just below the prior A$35.94 view. The shift is tied to updated assumptions on discount rate, modestly lower revenue growth, slightly softer profit margin and a higher future P/E multiple, alongside recent upgrades and a A$39.60 price target from broader Street research.
C79
AU$7.72
Chrysos
7D
4.2%
1Y
101.6%
VRS
AU$0.051
Veris
7D
-10.5%
1Y
2.0%
CDE
AU$0.008
Codeifai
7D
-5.9%
1Y
-20.0%
PPE
AU$0.60
Peoplein
7D
-3.2%
1Y
-23.4%
HIT
AU$1.06
HiTech Group Australia
7D
-9.8%
1Y
-33.8%
KPG
AU$4.52
Kelly Partners Group Holdings
7D
-10.7%
1Y
-59.0%
SOP
AU$0.024
Synertec
7D
-22.6%
1Y
-17.2%

Synertec Corporation Limited's (ASX:SOP) Shares Leap 30% Yet They're Still Not Telling The Full Story

Feb 06
Synertec Corporation Limited's (ASX:SOP) Shares Leap 30% Yet They're Still Not Telling The Full Story
KLV
AU$0.038
Klevo Rewards
7D
72.7%
1Y
n/a